if the difference between the simple and compound on a sum at 8% rate of interest per annum for three years is 450, then the sum is_______
plz give correct solution.
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Answer;
2325.
Step-by-step explanation:
Interest=450
Rate=8%
Time=3years
Principle=?
Principle=(Interest×100)/(Rate×Time)
=(450×100)/(8×3)
=45000/24
=1875
therefore
sum paid after 3 years=1875+450=2325.
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